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Why is customer satisfaction important in the KPI?
In business, time is money, and any reduction in time, means more money to the bottom line (Supply Mgmt). Customer satisfaction is a large part of the KPI, if a company’s customers are unhappy; they could lose them, which means the company could be out of business.
How are KPIs used in the business world?
According to MaryLynn Zahn, KPIs are used in order to assess the company’s performance in their business units, division, departments and employees (Zahn, 2013).
How are KPIs used beyond the Iron Triangle?
Stakeholders’ perception of KPIs’ beyond the iron triangle should be consistently applied to oil and gas projects. Stakeholders’ perception of KPIs’ beyond the iron triangle will influence the achievement of project-success in oil and gas projects. The validity of these propositions will be evaluated over the course of the study.
Who is responsible for the execution of KPIs?
KPIs should be made clear of what action is needed and can be understood by staff. Usually they are acted upon by the CEO and senior management and good KPIs can make differences to the CEO or superior for constant attention such as with daily calls to the relevant staff (Irwin, 2011).
Last Update: Oct 2021
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